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Montevideo, November 5th 2024 - 03:38 UTC

Stories for July 23rd 2017

  • Sunday, July 23rd 2017 - 13:11 UTC

    Despite Trump's pledge Carrier laying off workers and moving to Mexico

    The 338 positions will be shifted to Mexico, where workers are paid in a day what the Rust Belt employees make in an hour.

    The Carrier factory where a president-elect Donald J. Trump boasted of having crafted a deal to save jobs from moving to Mexico has begun laying off workers. 338 employees at the Carrier Corporation fan coil manufacturing facility in Indianapolis will be let go Friday under the previously announced plan, the company said in a statement.

  • Sunday, July 23rd 2017 - 12:23 UTC

    Bank of America moves European operations to “natural location” Dublin

    In a statement, Moynihan called Dublin the “natural location” for consolidating the bank’s legal entities, noting Bank of America already has an Irish-domiciled bank.

    The Bank of America announced Friday that Dublin will be the new base for its European Union operations following Britain’s decision last year to split from the EU. Brian Moynihan, CEO of the Charlotte-based bank, made the announcement during a trip to the Irish capital city. It becomes the latest large U.S. bank in recent weeks to disclose plans for continuing to serve clients in EU countries following the so-called Brexit vote in 2016.

  • Sunday, July 23rd 2017 - 12:14 UTC

    Maersk closer of first gas in North Sea Culzean field; 60.000/90.000bpd expected

    The Maersk Highlander rig started drilling the first of six planned production wells on the high pressure, high temperature field in September.

    Maersk Oil said on Friday that it had reached another key milestone ahead of first gas from its flagship North Sea Culzean field. All three platform jackets for the £3.3billion project have now been put in place on time and on budget, the company said.